If the federal government balanced its budget,its tax revenues would be equal to its expenditures.
A balanced budget occurs when government revenues are equal to government expenditures in a given time period.

Question

Quizplus · Accepted Answer

A balanced budget means that the government is not running a deficit (spending more money than it takes in) or a surplus (taking in more money than it spends). The revenues and expenditures are at an equilibrium, making them equal.

If the Federal Government Balanced Its Budget,its Tax Revenues Would